North America
U.S. Natural Gas Demand for LNG Exports Drops for First Time in 8 Years
Demand for U.S. natural gas to produce liquefied natural gas (LNG) for export this year is headed for its first decline since the country started exporting the super-chilled fuel from the lower 48 states eight years ago.
Venture Global LNG Seeks Force Majeure Extension to 2025, IPO Filing Reveals
Venture Global LNG wants to extend the force majeure at its Calcasieu Pass liquefied natural gas plant in Louisiana to 2025, delaying first supplies under long-term contracts to three years after starting production, according to its initial public offering document.
Energy Transfer Signs 20-Year LNG Deal with Chevron for Lake Charles Project
Under the agreement, the unit, Energy Transfer LNG, will supply 2.0 million tonnes per annum (mtpa) of LNG to Chevron from the Lake Charles project in Louisiana.
DNR Investigates 70,000-Gallon Oil Spill from Enbridge’s Line 6 Pipeline in Wisconsin
The Wisconsin Department of Natural Resources (DNR) is investigating a significant crude oil spill along Enbridge Energy’s Line 6 pipeline in Jefferson County, Wisconsin, near the town of Oakland, about four miles east of Cambridge.
Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
Tennessee Gas Pipeline, a Kinder Morgan subsidiary, greenlights the 206-mile Mississippi Crossing Project, set to deliver up to 1.5 Bcf/d to Southeast U.S. markets by 2028.
Oil Prices Rise on Falling U.S. Crude Stocks, Fed's 2025 Rate Plan Caps Gains
Oil prices rose slightly on Thursday, supported by falling U.S. crude inventories, though gains were limited after the U.S. Federal Reserve signaled it would slow the pace of interest rate cuts in 2025, a move that could dampen economic growth, reduce fuel demand, and strengthen the dollar.
North Dakota Oil Facilities Slow to Come Back Online After October Wildfires
Oil operators in North Dakota, the third-largest producing state in the U.S., are still bringing some facilities back online after wildfires swept through key oil-producing counties in October, the state's Industrial Commission said on Wednesday.
Texas Connector Pipeline Seeks Route Cuts, Compressor Upgrades in FERC Filing
Texas Connector Pipeline LLC has filed for approval to amend its Texas project, focusing on changes to routing and compression capacity. The revisions aim to improve the efficiency of the pipeline system in Jefferson and Orange counties, with a decision expected in 2025.
U.S. Keeps LNG Exports Crown, Even as Growth Slows
The U.S. is set to maintain its LNG exports crown in 2024, with shipments climbing to new highs despite challenges like falling export prices and a drop in European demand. As global LNG prices rise, U.S. exporters look to offset losses with increased sales to Asia.
Glass Lewis Backs Martin Midstream's Buyout Deal with Martin Resource
Martin Midstream Partners said on Wednesday that proxy advisory firm Glass Lewis has recommended the energy infrastructure firm's unitholders to vote for the company's proposed buyout deal with Martin Resource Management Corp.
T.D. Williamson Acquires Canadian Pipeline Repair Innovator Petro-Line
T.D. Williamson (TDW), a global leader in pipeline technology, has acquired Petro-Line, a Canadian company known for its patented pipeline repair solutions, including the PETROSLEEVE.
Pacific Northwest Hydrogen Hub Formalizes Agreement with Mitsubishi Hydrogen Infrastructure
The agreement enables MHI H2I’s Boardman Hydrogen Hub project to access federal funding under the U.S. Department of Energy’s (DOE) H2Hubs Program, a major initiative to decarbonize the U.S. energy sector.
U.S. Imposes New Sanctions on Entities Linked to Nord Stream 2 Pipeline
The United States issued fresh sanctions on Wednesday on several Russia-based entities over their involvement in the Nord Stream 2 gas pipeline, the State Department said, including new measures against the operator of the project.
U.S. Natural Gas Prices Rise 2% on Increased LNG Exports, Cold Weather Demand
U.S. natural gas futures climbed about 2% on Wednesday on rising flows to the nation's liquefied natural gas (LNG) export plants and expectations utilities pulled more gas out of storage than usual to heat homes and businesses during extreme cold for a second week in a row last week.
EIA: Henry Hub Natural Gas Prices Hit Record Lows in November
The Henry Hub daily natural gas spot price fell to an all-time low of $1.21 per million British thermal units (MMBtu) on Nov. 8 and Nov. 11, in inflation-adjusted dollars, according to the U.S. Energy Information Administration (EIA).
Biden Administration Warns of Risks in LNG Export Expansion, Cites Price and Emissions Concerns
The administration of U.S. President Joe Biden released a long-awaited study on the economic and environmental impacts of liquefied natural gas exports on Tuesday, saying the results underscored the need for a cautious approach to new permits.
Phillips 66 to Sell $865 Million Stake in 500-Mile Gulf Coast Express Pipeline to ArcLight
Phillips 66 is selling its $865 million stake in the Gulf Coast Express Pipeline to ArcLight Capital Partners, with Kinder Morgan remaining a co-owner. The sale surpasses Phillips 66’s $3 billion divestiture goal, supporting shareholder returns and debt reduction.
NOG Enters into Joint Venture for 2025 Appalachia Drilling Program
Northern Oil and Gas announced that it has entered a joint development program with one of Appalachia’s most capital efficient operators. The program covers drilling activities in calendar year 2025.
Permian CO2 Storage Could Prove Problematic Due to Well Blowouts, Earthquakes
(Reuters) – Texas has seen surging interest from companies hoping to bury carbon dioxide in its oilfields, putting the state at the vanguard of a government-subsidized program to fight climate change.
Venture Global Produces First LNG at Plaquemines Plant, Edging Out Competitors
Venture Global LNG has produced its first liquefied natural gas from the Plaquemines plant in Louisiana, marking the first new U.S. LNG production in two years. The plant positions Venture Global as a leader in fast-tracked LNG development, with commissioning extending into 2027.
Delek Logistics Acquires Gravity Water for $285 Million
This acquisition complements Delek's recent purchase of H2O Midstream and strengthens the company’s crude and produced water gathering and disposal services in the Midland Basin.
Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
Boardwalk Pipelines has approved the 1.16 Bcf/d Kosci Junction Pipeline project, a major investment by its subsidiary Gulf South Pipeline Company LLC. The 110-mile pipeline will expand natural gas capacity to support growing energy needs in Mississippi and the southeastern United States.
PGJ Exclusive (sponsored): How Southern Star revolutionized operations with a one-stop shop asset management upgrade
Southern Star is a key player in the natural gas sector. Overseeing 5,800 miles of pipeline, 43 compressor stations and eight gas porosity storage fields, the company has many assets and work processes to manage and maintain. Read how Southern Star gained a 25% increase in efficiency and optimized time and resources through an upgraded asset management system.
Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
An independent Texas oil and gas producer is striking back against a group of insurance companies, which collectively are seeking $250 million in collateral beyond what the oil company has already contracted for bonds backing its production activities.
Suncor Projects Higher Crude Output, Lower Spending for 2025
Suncor Energy on Thursday projected higher oil and gas production and lower spending in 2025, as it aims to boost output from its oil sands assets while keeping a tight lid on costs.
U.S. Natural Gas Prices Surge 7% to Two-Week High on Colder Weather, Rising LNG Exports
U.S. natural gas futures jumped about 7% on Wednesday to a two-week high on forecasts for colder weather and higher heating demand and an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants.
Chevron Expands Pasadena Refinery to Boost Light Crude Processing Capacity by 15%
Chevron U.S.A. Inc. has completed a retrofit of its Pasadena, Texas refinery, increasing its processing capacity by nearly 15%, bringing it to 125,000 barrels per day. The upgrade enhances the facility's flexibility in refining lighter crudes and aligns with Chevron’s strategy to bolster its Gulf Coast refining system.
DOE Holds Up Louisiana LNG Approvals Pending FERC Reviews
The U.S. Department of Energy said on Tuesday it is not able to complete reviews of two liquefied natural gas projects in Louisiana until an independent regulatory body finishes its environmental assessments.
GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
In a Dec. 5 letter addressed to Governor Hochul, Republican lawmakers from New York and Pennsylvania expressed strong criticism of New York State's decision to block the Northern Access Pipeline, a $500 million natural gas infrastructure project.
Permian Resources Divests Reeves County Gathering Systems for $180 Million
Permian Resources Corp. has agreed to sell its natural gas and oil gathering systems in Reeves County, Texas, to Kinetik Holdings Inc. for $180 million in cash, pending post-closing adjustments.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
